At the time of this email, the bank of Canada has raisin it’s rate to 1%. Usually what this mean is a flurry of activity as the Buyers are trying to capture the lower rates.
Not much has changed in the Greater Vancouver market over the last month. Condos continue to be high and houses are relatively lower priced. However nationally things are continuing to change. For example, in July Greater Toronto average prices were down 19% from the market’s peak in April and year-over-year sales were 40% lower. Vancouver has always had a different market and this shows to need to get advice from someone who understands the local market.
The August numbers were:
|
|
2 Bedroom |
1 Bedroom |
||||||
|
|
#Active |
/sq.ft. |
#Sold |
/sq.ft. |
#Active |
/sq.ft. |
#Sold |
/sq.ft. |
|
Woodwards |
3 |
$1,218 |
2 |
$941 |
1 |
$1,041 |
3 |
$1,064 |
|
Downtown |
250 |
$1,440 |
81 |
$1,217 |
138 |
$1,143 |
112 |
$1,101 |
|
Coal Harbour |
40 |
$1,883 |
10 |
$1,506 |
11 |
$1,534 |
9 |
$1,190 |
Regards,
Kim
E&OE
The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Real Estate Board of Greater Vancouver (REBGV), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the REBGV, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the REBGV, the FVREB or the CADREB.
Post Your Comment: